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PROCUREMENT OPPORTUNITY

Banknote Supply and Services Agreement

BANK OF ENGLAND · Tender notice on Find a Tender

Tender information last checkedLast checked 5 Oct 2026, 05:41.

Opportunity overview

This tender notice is for the award of a public contract through a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the PA 2023 . The contract will provide for the future supply of Banknotes, supporting the Bank of England (the Bank) in fulfilling its core responsibility of issuing secure Banknotes from Debden, the Bank's secure printing facility. Further details in relation to the services are set out in the associated tender documents. The Total Value of the opportunity is an estimate inclusive of all extensions available under the contract. The actual value will be dependent on demand for Banknotes as well as future Banknote designs under this contract.

Classification

  • CPV22430000 — Banknotes
  • CPV79812000 — Banknote printing services

Lots

  • Lot 1£750m

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
PROC/033
Status
active
Procurement Method
selective
Procurement Method Details
Competitive flexible procedure
Main Procurement Category
services
Above Threshold
Yes
How to submit
Submission of responses to the Procurement Specific Questionnaire must be via the Bank's procurement portal Proactis at this address: https://supplierlive.proactisp2p.com/Account/Login
Expression Of Interest Deadline
20 Feb 2026, 12:00
Published risks
The Bank of England is responsible for issuing secure banknotes as part of its role in ensuring the monetary and financial stability of the UK. The satisfactory performance of the services under this contract is a key aspect of that role and the Bank has designed the contract to respond to known risks which, if materialised, would threaten or undermine the performance of the contract. However, there are some risks which cannot be fully known, or whose impact cannot be fully measured, in advance. Should the Bank become aware of a risk which will require addressing as it may impact on the satisfactory performance of the contract, in particular as it relates to its contribution to the issuing of banknotes and ensuring the monetary and financial stability of the UK, it is possible that modifications to the contract will be required

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure

Features
The procedure comprises: Stage 1 - Requiring a response to the Conditions of Participation Stage 2 - Initial tender responses from all suppliers that satisfy the Conditions of Participation will be evaluated Stage 3 - Negotiation of Stage 2 proposals Stage 4 - The Bank will issue an invitation for Best And Final Offers (BAFO) and request submission of final tender responses All suppliers that are not otherwise excluded will be entitled to participate in negotiation and submit BAFO.

Covered By

GPA
CPTPP

Submission terms

Electronic Submission Policy
allowed

Languages

en

Enquiry period

Ends
6 Feb 2026, 16:00

Expected award period

Ends
1 Apr 2027, 23:59

Contract terms

Financial Terms
Payment terms in line with the contract provided as part of the associated tender documents.

Lots and requirements

Entry 1
Id
1
Status
active
Has Renewal
Yes
Has Options
Yes

Value

Including VAT
900,000,000
Amount
750,000,000
Currency
GBP

Award criteria

Criteria

Criterion 1
Type
quality
Name
Quality Requirements

Numbers

Entry 1
Number
55
Weight
percentageExact
Criterion 2
Type
price
Name
Pricing Requirements

Numbers

Entry 1
Number
45
Weight
percentageExact

Selection criteria

Criteria

Criterion 1
Type
technical
Description
In summary, the conditions of participation address the following; • Core Supplier Information • Associated Persons • Debarment (including proposed sub-contractors) • Financial Capacity • Insurance Requirements • Technical Ability • Security • Carbon Reduction • Health & Safety • Prompt Payment • Modern Slavery • Quality Assurance • Equality & Diversity • Business Continuity • ESG • Bribery Act 2010 All conditions of participation are assessed on a Pass/Fail basis. The questions and the assessment criteria are set out in the Procurement Specific Questionnaire provided as part of the associated tender documents.

Contract period

Starts
1 Mar 2028, 00:00
Ends
28 Feb 2038, 23:59
Max Extent Date
28 Feb 2041, 23:59

Renewal

Description
The Bank has the ability to extend the contract for any such duration in any number of combinations providing that the total number of extensions do need exceed three years in total.

Options

Description
The Bank intends to (and reserves the right to) directly award additional or repeat services that are similar to the services supplied under the contract, which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023. The Bank reserves the right to modify this contract in accordance with Schedule 8, paragraph 1 of PA 2023.

Items and delivery

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
22430000
Description
Banknotes
Entry 2
Scheme
CPV
Id
79812000
Description
Banknote printing services

Delivery locations

Entry 1
Region
UKH3
Country
GB
Country Name
United Kingdom

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published
Entry 2
Id
future
Document Type
biddingDocuments
Access Details
Due to the sensitive nature of documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email  fm.contracts@bankofengland.co.uk with the reference "PROC/033" within the subject and confirm the signatory name and e-mail address for the Non-disclosure Agreement. This will then be issued via DocuSign. Once the NDA is signed the following documents are being provided for the first stage of the procurement and will be available on the Bank's Procurement portal Proactis. - Procurement Specific Questionnaire - Instructions to Suppliers - Supplier Code of Practice -Background and Context Document -Draft and redacted Contract The documents necessary to participate in future stages of the procurement following the Conditions of Participation will be shared at the beginning of each stage including but not limited to: - Draft Contract Terms - Invitation to Tender - Price Schedule Documents are/will be provided on the Bank of England's Procurement portal: https://supplierlive.proactisp2p.com/ Certain documents, due to their sensitive nature, will only be made available from Stage 2 onwards for viewing on Bank premises.
Entry 3
Id
004172-2026
Document Type
tenderNotice
Notice Type
UK4
Description
Tender notice on Find a Tender
Published
19 Jan 2026, 08:52
Format
text/html

Planning and budget

No Engagement Notice Rationale
The preliminary market engagement took place prior to the commencement of the Procurement Act 2023 and further information on the preliminary market engagement conducted will be provided in the associated tender documents.

Buyer, suppliers and contacts

Organisation 1
Name
BANK OF ENGLAND
Id
GB-COH-RC000042

Identifier

Scheme
GB-COH
Id
RC000042

Additional Identifiers

Entry 1
Scheme
GB-PPON
Id
PRDB-1113-HPPT

Address

Street Address
Threadneedle Street
Locality
London
Postal Code
EC2R 8AH
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthorityCentralGovernment
Description
Public authority - central government

Recorded locations

  • Buyer location · London · UKI31 · EC2R 8AH · United Kingdom
  • Delivery location · UKH3 · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. 004172-2026Tender notice on Find a Tender ·